Envision the exclusive pleasure of owning 1. 5 acres of property complete with your own swimming pond, located in the desirable town of Hanover. This contemporary, a mere 6 minutes from Hanover, Main Street and 15 minutes from I-89, offers both privacy and convenience. Historically owned by a family, the home has been cleverly configured to include two separate rental units with their own kitchens, providing potential income opportunities or accomodations for guests. The primary living space, used by the owners, features modern updates and expansive windows that frame captivating views of the serene pond. For those inclined towards customization, the rental units can be seamlessly intergrated into the main living area to create a spacious single-family home. Alternatively, maintaining the current layout offers continued benefits as a rental property. With Mink Brook gracefullly meandering through the landscape, this property is not only a peaceful retreat but also a promising investment. There is all new wiring, new carpet, new energy efficient boiler, new chimney liner, new baseboards, new toilets and has had a septic inspection. This property has unique features and a prime location, making it an exceptional opportunity for both personal enjoyment and financial growth.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $765 | $765 | $765 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,088 | $3,982 | $5,053 |
Total Monthly Payment | $4,945 | $4,839 | $5,910 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.